Business

India’s foreign exchange reserves fell by $7.511 billion to $681.384 billion in the week ended May 22, extending their decline for a second consecutive week, according to data released by the Reserve Bank of India (RBI) on Friday, reported PTI. The reserves had dropped by $8.094 billion in the previous reporting week to $688.894 billion….

Indian equity markets witnessed a sharp selloff on Friday, with the Sensex plunging more than 1,000 points and nearly Rs 5 lakh crore being wiped off investor wealth, as worries over a weak monsoon forecast, continued foreign investor selling and uncertainty around a US-Iran peace deal rattled sentiment.The Sensex closed 1,092.26 points lower at 74,775.74,…

Mumbai: Reserve Bank of India has set for itself a packed agenda for 2026-27 with a review of the RBI Act and major technology upgrades, including the rollout of the next-generation core banking system e-Kuber 3.0, development of an alternate payment system, and creation of a unified enterprise platform. It also plans to build an…

The US expects to finalise an interim trade agreement with India in the coming weeks and months as both countries work to deepen economic and technology ties, US Ambassador to India Sergio Gor said on Thursday.“Our current interim trade agreement is on the table for us to finalise that will unlock prosperity for both of…

“Indian equity markets are expected to open on a flat to mildly positive note, with Gift Nifty trading around 23,881, up by 8 points, indicating steady opening cues for domestic indices. Nifty ended on a flat to marginally negative note on 27th May 2026, closing at 23,907.15, down 6.55 points or 0.03%, amid profit booking…

Reliance Industries is taking “deliberate steps” to strengthen its digital unit, chairman Mukesh Ambani said in a note to shareholders, without sharing any updates on the planned listing of Jio Platforms that is expected to fetch as much as $4 billion.“We will continue to evaluate strategic pathways that can broaden stakeholder participation and support Jio’s…

Growth was primarily supported by robust private consumption and sustained investment activity. Amid the Middle East crisis and the US-Iran conflict, the Indian economy is in focus for the possible fallout from the war and rising global crude oil prices that is now hitting the external sector’s resilience. However, striking a positive note, the Reserve…

NEW DELHI: Tata Motors is witnessing a surge in electric vehicle demand as rising fuel prices and inflation concerns push more consumers towards lower running-cost mobility options, particularly in the affordable passenger vehicle segment.“There is a sharp jump in just two months; it is about 2 to 2.5 times what it used to be for…

Gold ended the session higher as easing US Treasury yields and renewed hopes of a potential US-Iran agreement supported bullion, although the market remained highly volatile amid fresh military escalations in the Middle East. Earlier in the session, gold was under pressure after renewed clashes between Washington and Tehran reignited fears of energy-driven inflation. Iran’s…

MUMBAI: Indians are turning to ice creams, colas, soft drinks and packaged cold coffee to survive the scorching heat, spurring sales of summer products for consumer goods companies and nudging some to upwardly revise their earlier sales estimates for the season.In a summer of price hikes and broader inflationary environment, firms are however pushing lower…